ChinaCast Education Announces the Promotion of Mr. John X. Y. Jiang to President-China

BEIJING, August 30, 2011 /PRNewswire-Asia-FirstCall/ -- ChinaCast Education Corporation ("ChinaCast" or the "Company", NASDAQ: CAST), a leading post-secondary education and e-learning services provider in China, today announced that Mr. John X. Y. Jiang has been promoted to President-China, reflective of the Company's commitment to build and maintain a strong and dynamic management team.

"For the past ten years, John has played a critical role in building the company and his promotion to President-China is a result of the respect he's earned from our clients, partners and colleagues and his significant contribution to the Company. The senior management team and board of directors look forward to work with Mr. Jiang in leading ChinaCast into the future," said Ron Chan, Chairman and Chief Executive Officer of ChinaCast.

Previously the Company's Chief Investment Officer, Mr. Jiang will continue to oversee all aspects of the Company's operations, merger and acquisition strategies, business development and financing. Mr. Jiang joined ChinaCast in 2001 as Finance Director in the Company's Shanghai office and was promoted to Executive Vice President of Finance in 2005. Mr. Jiang holds a Bachelor of Arts degree from Shanghai Institute of Foreign Trade and a Master's in Business Administration degree from Macau University of Science and Technology. From 1993 to 1994, Mr. Jiang completed the International Business Management Program of the University of California at Los Angeles. He also currently serves as a Researcher for the Center of Chinese Business Studies at Fudan University in Shanghai and as an Associate Researcher for the China National High Technology Industrialization Organization.

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading post-secondary education and e-learning services provider in China. The Company provides post-secondary degree and diploma programs through its three fully accredited universities: The Foreign Trade and Business College of Chongqing Normal University located in Chongqing; Lijiang College of Guangxi Normal University located in Guilin; and Hubei Industrial University Business College located in Wuhan. These universities offer four year and three year, career-oriented bachelor's degree and diploma programs in business, finance, economics, law, IT, engineering, hospitality and tourism management, advertising, language studies, art and music.

The Company also provides e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network. These services include interactive distance learning applications, multimedia education content delivery and vocational training courses. The Company is listed on the NASDAQ Global Select Market with the ticker symbol CAST.

Safe Harbor Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.

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